Sabre (SABR) Q2 2026 Earnings Call Transcript

Sabre’s Q2 2026 earnings call highlighted improving profitability and steady booking activity. The company reported revenue of $712 million, up 4% year over year, with marketplace revenue at $577 million (+6%) driven by a $25 million rise in transaction-based revenue and $6 million more in product-based revenue. Airline technology revenue fell 4% to $135 million. Normalized adjusted EBITDA reached $151 million, 19% higher, with margin expanding 272 basis points to 21.2%. Net loss attributable to common stockholders improved to $36 million from a $256 million loss a year earlier. Cash was $697 million at quarter-end, while FY 2026 pro forma adjusted EBITDA guidance rose to about $600 million and free cash flow guidance improved to roughly negative $65 million.